Finland ends deal for Russian nuclear plant

AP , Monday 2 May 2022

The company, Fennovoima, also cited ``significant delays and inability to deliver the project'' for terminating the deal to build the northern Finland Hanhikivi Nuclear Power Plant.

Finland s Hanhikivi 1 nuclear power plant
An illustration of Finland s Hanhikivi 1 nuclear power plant. Photo courtesy of Hanhikivi 1 official website


A Finnish nuclear energy company said Monday it has decided to terminate with immediate effect a contract with Russian state nuclear energy corporation Rosatom for the delivery of a nuclear power plant, in part due to the war in Ukraine ``which has worsened the risks for the project.''


It was proposed to house a Russian-designed pressurized water reactor, with a capacity of 1200 MW and the nuclear power plant was to generate approximately 10% of Finland's electricity needs, the company said.

In April 2021, the company announced that construction was to begin in 2023 and commercial operation would start in 2029.

In a statement, Fennovoimas's CEO Joachim Specht said the decision ``is estimated to have a significant employee impact in Fennovoima and is expected to impact also the supply chain companies.''

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